Property Description:
I am looking to sell my interest in this duplex in Sherman Park, asking $31,900. This is a wholesale.
Upstairs 2 bedroom is rented for $575 but median rent for the area is $679.
Downstairs 3 bedroom is vacant and median rent is $1095.
Roof on 2 car garage and north side of house is newer, 3-d shingles. South side is older but has no leaks.
Newer water heaters and high-efficiency furnaces
Much of the basement plumbing was replaced
Much of the electrical wiring to the panel has been recently replaced, newer breaker boxes
Property needs exterior paint job soon, about a $3500 job. Wood siding has good integrity, just needs paint.
First floor bathroom needs a new floor.
The house - especially mechanicals and 2nd floor unit is very clean for the area - property is in good condition overall with the exterior paint an exception and will produce good cash flow for a new owner.
Comparable sales average $43,000 in this area, asking 26% LOWER !! Please contact me for a showing - I'll arrange to see the occupied second floor if possible.
Asking $31,900 OBO Cash offers only